Baker Avenue Asset Management LP Has $27.38 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Baker Avenue Asset Management LP raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 33.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 242,265 shares of the e-commerce giant’s stock after purchasing an additional 60,813 shares during the period. Amazon.com accounts for approximately 1.7% of Baker Avenue Asset Management LP’s holdings, making the stock its 10th biggest holding. Baker Avenue Asset Management LP’s holdings in Amazon.com were worth $27,376,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Meridian Investment Counsel Inc. grew its position in shares of Amazon.com by 3.4% during the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after buying an additional 5 shares during the last quarter. Alterna Wealth Management Inc. grew its position in shares of Amazon.com by 1.8% during the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $942,000 after buying an additional 5 shares during the last quarter. Fiduciary Planning LLC grew its position in shares of Amazon.com by 1.5% during the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after buying an additional 5 shares during the last quarter. HBC Financial Services PLLC grew its position in shares of Amazon.com by 0.8% during the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after buying an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners grew its position in shares of Amazon.com by 3.7% during the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock valued at $552,000 after buying an additional 6 shares during the last quarter. Institutional investors own 57.64% of the company’s stock.

Amazon.com Stock Performance

AMZN stock opened at $90.73 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $929.73 billion, a price-to-earnings ratio of -338.53, a P/E/G ratio of 3.74 and a beta of 1.25. Amazon.com, Inc. has a 12 month low of $81.43 and a 12 month high of $170.83. The firm has a 50 day moving average of $95.85 and a two-hundred day moving average of $102.56.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.12). The firm had revenue of $149.20 billion for the quarter, compared to the consensus estimate of $145.72 billion. Amazon.com had a positive return on equity of 5.33% and a negative net margin of 0.53%. Amazon.com’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.39 earnings per share. As a group, equities analysts anticipate that Amazon.com, Inc. will post 1.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. DA Davidson boosted their price objective on shares of Amazon.com from $114.00 to $134.00 and gave the company a “buy” rating in a research report on Friday, February 3rd. Roth Capital reissued a “buy” rating on shares of Amazon.com in a research note on Friday, February 3rd. Evercore ISI boosted their target price on shares of Amazon.com from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. Piper Sandler boosted their target price on shares of Amazon.com from $119.00 to $123.00 and gave the company an “overweight” rating in a research note on Friday, February 3rd. Finally, The Goldman Sachs Group reduced their target price on shares of Amazon.com from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, January 13th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $144.87.

Insider Activity

In other news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction on Monday, February 6th. The shares were sold at an average price of $102.90, for a total value of $411,600.00. Following the completion of the transaction, the chief executive officer now owns 529,435 shares in the company, valued at approximately $54,478,861.50. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Douglas J. Herrington sold 4,000 shares of the stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $102.90, for a total transaction of $411,600.00. Following the completion of the sale, the chief executive officer now owns 529,435 shares in the company, valued at approximately $54,478,861.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,500 shares of the stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $11,368,319.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,394 shares of company stock worth $6,994,626. 12.70% of the stock is currently owned by corporate insiders.

Amazon.com Company Profile

(Get Rating)

Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.